Buy to Let

  • A range of products and services to meet your current needs
  • Available for purchase or remortgage

Post Office Money® Mortgages are provided by Bank of Ireland UK


Why Buy to Let?

We understand that buying to let can be both a potential investment for your future and a source of income for the present. Whether you are looking to purchase your first Buy to Let property, add to your portfolio or remortgage an existing Buy to Let property, we can help you at every stage.

When buying to Let you need clear goals about what you want to achieve from your investment.

Is it additional income or a nest egg? You could be looking at Buy to Let for various reasons: a monthly income, growing your capital or as your pension plan.

Once you’ve established your goals, finding the right mortgage, the right property and the right tenant could help you cover your property’s mortgage payments and enjoy a regular income whilst potentially seeing your capital grow.

Still unsure if Buy to Let is right for you? For more information please read our guide and lending criteria.

Buy to Let tips

  • Select the right location and the right property: chose a location and property that will appeal to your target tenant - students, family, professionals. Research the market using local estate agents website and newspapers.
  • Letting Agent or Self-Management: decide whether you want to manage the property yourself or have a letting agent manage it for you. If you manage the property yourself you will need to find the tenants, draw up a legally binding contract and take care of any repairs or requests from the tenant. A letting agent will do all this on your behalf for a fee normally between 10-15% of the monthly rent.
  • Manage your finances: any income you make from a Buy to Let property becomes taxable income and needs to be declared. It may be useful to obtain professional advice to help you with your tax returns.

Post Office Money Mortgages are provided by Bank of Ireland UK (BOI UK) who is a member of the Council of Mortgage Lenders (CML).  BOI UK operates within the provisions of the CML’s Buy to Let statement of practice.

Bank of Ireland does not provide any recommendation or advice in relation to Buy to Let mortgages.

The affordability of a Buy to Let loan is primarily based on the expected monthly income generated from letting the property to a tenant. The actual income generated may be different and can be influenced over time by changes within the rental market. You will remain responsible for meeting the costs of your loan and the additional costs associated with letting the property.

Small print

Please note our online mortgage application is only compatible with Internet Explorer 6+, Google Chrome, Firefox and Safari web browsers.

Subject to status and lending criteria. Written illustrations available upon request. Borrowers must be aged 21 or over.

Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England & Wales (No. 07022885), Bow Bells House, 1 Bread Street, London EC4M 9BE. Post Office Limited is registered in England and Wales. Registered Number 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office and the Post Office Money logo are registered trademarks of Post Office Limited.